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  • 14-11-21

    Abu Dhabi Ports Group's earnings jumps 22 percent this year

    (MENAFN) Abu Dhabi Ports Group, the operator of industrial zones and free areas in UAE, recorded a 22 per cent growth in its profit in the first three quarters of 2021 owing to volume increase, business divergence as well as new collaborations.

    The port operator's earned income of Dh2.791 billion (USD760 million), in comparison to Dh2.295bn (about USD 624.8) for the corresponding period last year.

    The firm’s revenue before interest, tax, depreciation and amortization (Ebitda) increased 7 per cent to Dh1.161bn, up from Dh1.081bn in 2021, as a result of development across several business groups.

    On Saturday, Abu Dhabi Ports’ chief executive, Captain Mohamed Juma Al Shamsi stated, “we reported solid results for the nine months ended September 30, 2021, due to continuing growth in our core businesses and incremental returns from new investments.”

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